
MRF profit dips despite 13.76% increase in Q3 FY25 total income
MRF Limited has reported a 13.76 per cent year-on-year increase in its consolidated total income for the quarter ended 31 December 2024, the third quarter of its current financial year. Income reached Rs 70.99 billion (£650.29 million), compared to Rs 62.40 in the same quarter of the previous financial year.
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ISCC PLUS for Nokian Tyres’ Romania plant
A second Nokian Tyres plant has achieved International Sustainability and Carbon Certification (ISCC) PLUS status. Nokian Tyres reports that its factory in Oradea, Romania, which opened in the latter part of last year, is now certified to utilise sustainable, ISCC PLUS raw materials in its tyres. Certification in Romania follows that for the Nokian Tyres car tyre plant in Nokia, Finland, which obtained ISCC Plus in 2024.
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Jiangsu General predicts net profit of 400 million to 500 million yuan
Jiangsu General predicts that “net profit attributable to shareholders” of its listed companies in 2024 will be 400 million to 500 million yuan (approximately £44 million to £56 million; €53 million to €66 million), an increase of 85.19 per cent to 131.48 per cent year-on-year”.
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Komatsu & Bridgestone launch mining service solutions initiative
Bridgestone Corporation and Komatsu have launched a collaborative initiative aimed at optimising mining operations through advanced data integration. Their joint effort focuses on the real-time exchange and analysis of vehicle and tyre data using Komatsu’s Komtrax Plus controller and Bridgestone’s iTrack tyre monitoring system.
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Talking Crop – debut for Goodyear Farm Tires podcast
Goodyear Farm Tires is Talking Crop and intends to do so on a regular basis. The agricultural tyre brand debuted its new podcast today, with the inaugural episode shedding light on what happens when a police officer and a beauty salon owner decide to take over a 200-acre farm.
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UK debut for Bridgestone e-CENTRE at Protyre Taunton
An automotive retail centre in Taunton has become the first in the UK to adopt Bridgestone’s ‘e-CENTRE’ concept. At Protyre Autocare, located within the Crown Industrial Estate, the aim is to revolutionise the way that vehicles are catered for with a sustainable approach to car maintenance.
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Bridgestone boosts virtual tyre development capabilities
Bridgestone has taken a further step towards digitalising the tyre development process with the acquisition of a new driver-in-the-loop (DiL) simulator for its EMEA R&D Centre in Rome, Italy. The unit enables Bridgestone to combine tyre and vehicle simulations with artificial intelligence technologies, reducing time to market and making the tyre development process a more sustainable one.
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Hankook Tire: 32.7% YoY rise in operating profit
Hankook Tire & Technology (Hankook) has announced its financial results for 2024, reporting global consolidated sales of KRW 9.4119 trillion (£5.1765 billion) and an operating profit of KRW 1.7622 trillion (£969.2 million). This represents a 5.3 per cent increase in sales and a 32.7 per cent rise in operating profit compared to the previous year.
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Orion S.A. signs tyre pyrolysis oil supply deal with Contec S.A.
Orion S.A., which makes carbon black, has signed a long-term supply agreement with Contec S.A., which will provide Orion tyre pyrolysis oil to produce circular carbon black for tire and rubber goods customers. The agreement with Warsaw, Poland-based Contec further enables Orion to diversify its sources of tyre pyrolysis oil, commonly known as TPO.
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Nokian Tyres – Central Europe drives ‘solid growth’ in 2024
Nokian Tyres plc has released its financial results for 2024, reporting a year-on-year increase in net sales despite challenges such as geopolitical instability and supply chain disruptions. The company continued to execute its growth strategy, supported by investments in manufacturing technologies, sustainability initiatives, and capacity expansion.
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Bilstein appoints new chief aftermarket officer
Effective 1 January 2025, the management of the Bilstein business unit (BU) of Thyssenkrupp has been expanded to include the newly-created position of chief aftermarket officer, which has been filled by Simon Frick. Since the beginning of the year, Simon Frick has been responsible for all functional areas of the aftermarket: from the initial idea, to market demand, to the finished product.
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China retaliates against US import tariffs
Almost everything we predicted in November has taken place, including Chinas highly foreseeable retaliation against the US import tariffs President Trump enacted, which became effective this morning (Tuesday 4 February 2025). The specific measures China has imposed include: A 15 per cent tariff on coal and liquefied natural gas; A 10 per cent tax on crude oil, agricultural machinery, pickup trucks and large-engine cars; and export controls on 25 types of rare metal products.
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Grant aiding Kingswinford Tyres’ expansion plans
Established in 1992 with redundancy money received from MG Rover, Kingswinford Tyres has developed into one of the Black Country’s leading tyre specialists. In recent times founder Andy Page has expanded the business with an investment exceeding £100,000, and Kingswinford Tyres is now benefiting from a £27,000 grant from Business Growth West Midlands (BGWM).
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Goodyear completes sale of OTR tyre business to Yokohama
The Goodyear Tire & Rubber Company has completed the previously announced sale of its off-the-road (OTR) tyre business to The Yokohama Rubber Company Ltd, effective 3 February 2025, in an all-cash transaction valued at $905 million. The two companies’ deal was initially announced on 22 July 2024. For its part, Goodyear intends to use transaction proceeds to reduce leverage and fund initiatives in connection with the Goodyear Forward transformation plan. Yokohama Rubber plans to include the acquired business in its consolidated results from the first quarter of 2025 and is currently examining the addition’s estimated impact on consolidated earnings.
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T&C Site Services joins NTDA, helping to develop OTR tyre technician accreditation
T&C Site Services has joined the National Tyre Distributors Association (NTDA). Managing director Trevor Adams has also been appointed to the NTDA Executive Council to represent the interests of the specialist tyre sector of the UK tyre trade. Both moves will assist with the NTDA’s intention to develop a new licence for technicians working with earthmover, plant and OTR tyres, while more generally marking the association’s intent to strengthen its membership and activities in this segment. T&C Site Services are the UKs largest independent earthmover tyre specialist with more than 45 years of industry experience.
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